Safety Concerns, Mounting Debt
May Hinder Refinancing Support

Northeast Utilities ' three big Millstone nuclear reactors haven't "gone critical" to generate electricity for almost two years. But the company's finances may be entering a critical stage.

With the Millstone complex idle since March 1996, Northeast is losing money and lacks the cash to meet $385 million in debt and preferred-stock obligations between February and June. Analysts say it will face a difficult time refinancing...